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U.S. Bank Selected as Trustee and Fiscal Agent for More Than $5.2 Billion in Massachusetts Bay Transportation Authority Bonds
BOSTON & MINNEAPOLIS, Dec 03, 2009 (BUSINESS WIRE) -- U.S. Bank has been named trustee and fiscal agent for $218.3 million in bonds for the Massachusetts Bay Transportation Authority (MBTA).

On October 29, 2009, the MBTA issued $218.3 million of its Senior Sales Tax Bonds 2009 Series C (Federally Taxable - Direct Pay to Issuer - Build America Bonds) under the American Recovery and Reinvestment Act of 2009. It was the second Build America Bond to be issued in the Commonwealth of Massachusetts. U.S. Bank serves as trustee and fiscal agent for the more than $5.2 billion in total debt outstanding issued by the MBTA.

The MBTA finances and operates mass transportation facilities in 175 cities and towns in the greater Boston metropolitan area. The MBTA is the oldest and fifth largest transit system in the United States, operating subway, trackless trolley, trolley, bus and commuter rail services throughout Eastern Massachusetts.

U.S. Bank has 46 corporate trust offices across the country and offers a complete line of trust services. U.S. Bank serves as trustee and paying agent for the issuance of taxable and non-taxable securities, including the review of documents and indentures, registration and authentication of bonds, receipts and disbursement of bond sale proceeds, successor trusteeships, escrow account services and transfer and paying agency services. Also, U.S. Bank provides mortgage-backed and asset-backed securitizations, money market paying agency services, bond and tax administration, escrow services and document custody services.

U.S. Bancorp (NYSE: USB), with $265 billion in assets as of Sept. 30, 2009, is the parent company of U.S. Bank, the sixth largest commercial bank in the United States. The company operates 3,002 banking offices in 25 states and 5,170 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

SOURCE: U.S. Bank

U.S. Bank
Amy Frantti, Media Relations, 612-303-0733
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



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